e currency
Navigation

Two Timeless Rules In Forex Investing
By Adrian Pablo, Thu Dec 8th
RULE #1) ~ Cut your losers; let your winners ride.One important thing that every new trader must know beforeentering this highly profitable business is that life is notperfect, even in Read more...

North-finance-reviews
By Larry Perkins
North Finance has been on the market since 2001. North Finance addressed at Lymasol Cyprus; however, North Finance registered at Belize. Like two sides of coin, this forex broker has two different Read more...

The Best Investing Strategy
By Caterina Christakos
We have all heard of the best investing strategy is easy to state: Buy low and sell high. It sounds so simple, but it seems people have a lot of problems figuring out how to really apply this to Read more...

e currency Article

Below, you'll find extensive information on leading e currency articles and products to help you on your way to success.

Forex Training: How To Read A Forex Quote
By Gregory DeVictor
Forex is an abbreviated name for "foreign exchange." The Forex market is a non-stop cash market where the currencies of nations are bought and sold, typically via brokers. For example, you buy Euros, paying with U.S. Dollars, or you sell Euros for Japanese Yen.

The value of your Forex investment increases or decreases because of changes in the exchange rate or Forex rate. These changes often result from economic and political factors, such as the price of oil or political unrest. To better understand how the exchange rate can affect the value of your Forex investment, this article shows you how to read a Forex quote.

Forex quotes are always expressed in pairs. In the following example, your "pair" of currencies are the U.S. Dollar (USD) and the Euro (EUR). The Forex quote, USD/EUR = 265.50, means that one U.S. dollar is equal to 265.50 Euros. The to the left of the / (USD in this case) is referred to as base and its value is always 1. The to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one USD can buy 265.50 EUR, since it is the stronger of the two currencies.

Because the U.S. dollar is regarded as the central of the Forex market, it is always treated as the

base in any Forex quote where it is one of the pairs. Incidentally, the U.S. Dollar is involved in nearly 90% of all Forex transactions.

In this example, your "pair" of currencies are the Japanese Yen (JPY) and the Euro (EUR). The Forex quote, JPY/EUR= 175.10, means that one Japanese Yen is equal to 175.10 Euros. The to the left of the / (JPY in this case) is referred to as base and its value is 1. The to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one JPY can buy 175.10 EUR, since it is the stronger of the two currencies.

The goal of any Forex trading system is to profit from foreign movements. This requires adequate training in basic Forex principles, such as performing a Technical Analysis, using Forex charts and Stop/Loss tools, and keeping up-to-date with economic and political events. In a sense, Forex training never ends.

Gregory DeVictor is a consultant who has been developing and marketing web sites since 1999. You can learn more about how to develop your own Forex trading system at: www.Forex-Trading-System.name

We strive to provide only quality articles, so if there is a specific topic related to currency that you would like us to cover, please contact us at any time.

And again, thank you to those contributing daily to our e currency website.

An abbreviated name for foreign currency. See also FX